@BelknapPoint Thanks for your response. If this non-grantor trust is the legal owner of the assets, then how does the value get reported on the FAFSA if at all? (The dependent student is one of the beneficiaries of the trust).
The student beneficiary’s share of the Trust assets is reported in FAFSA question 42.
As noted by @BelknapPoint the beneficiaries share of the trust MUST be reported on the fafsa (and the Profile too).
And yes…this is even if that beneficiary has NO access to the actual money that value represents.